• Eng
  • Rus

Profit Opportunities: USDC vs USDT Arbitrage Case of Successful Trading Strategies!

Profit Opportunities: USDC vs USDT Arbitrage Case of Successful Trading Strategies!
#Cases
02.08.2023 12:39

Profit Opportunities: USDC vs USDT Arbitrage Case of Successful Trading Strategies!

Recently, a small price difference emerged between exchanges due to rumors about issues with USDC (a cryptocurrency pegged to the US Dollar), resulting in around a 1% gap. Nevertheless, traders identified this situation as potentially profitable and began conducting operations with amounts up to $300,000 per cycle, capitalizing on the minor price fluctuations. These operations allowed them to buy coins at $0.93, send them to Binance, and sell at $0.937, creating a profit from the difference.

Profit Opportunities: USDC vs USDT Arbitrage Case of Successful Trading Strategies!

Furthermore, significant volumes of "wall" orders were observed, ranging from 50 to 100 million dollars, with a difference of around 0.7%. This could indicate the presence of large market players attempting to influence the USDC price or protect their interests.

A second approach employed by traders involved purchasing the coin at $0.9, waiting for it to rise to $0.99, and then using a bot like ArbirageScanner for successful arbitrage and instant response on the exchange. This method is effective and minimizes risks, thereby increasing profits.

Profit Opportunities: USDC vs USDT Arbitrage Case of Successful Trading Strategies!

We always strive to find advantageous and innovative strategies for our clients, and the case using USDC serves as a successful example of such work. Stay tuned to our channel for more interesting and useful cryptocurrency arbitrage cases.

If you find this interesting, don't forget to share this article with your friends. Additionally, you can subscribe to our Telegram channel and request access to a one-day trial of our product to see how it's set up and functions! We'll strive to share more genuinely useful arbitrage case studies in the future!

In our previous arbitrage case: Unlocking Profitable Opportunities: Exploring Arbitrage Cases with Exchange Order Book Imbalances